Sandy Spring Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

• Sandy Spring Bancorp Inc SASR.OQ reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 60 cents. The mean expectation of three analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 47 cents to 49 cents per share.

• Revenue fell 15.4% to $86.09 million from a year ago; analysts expected $85.36 million.

• Sandy Spring Bancorp Inc's reported EPS for the quarter was a loss of 87 cents​.

• The company reported a quarterly loss of $39.45 million.

• Sandy Spring Bancorp Inc shares had risen by 0.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Sandy Spring Bancorp Inc is $35.00

This summary was machine generated from LSEG data January 28 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)